Be aware of utility bills when you rent/flip/sell... - Posted by Josephine(CA)

Posted by SusanL.–FL on September 24, 1999 at 14:53:01:

Don’t know if this is commonplace, or not…

After the tenant terminates his service, the city gives the landlord ‘X’ number of days (I think it is 14) to get a new tenant OTHERWISE the landlord will be billed for service whether or not anyone is living there.

It may only amount to $19/month; however, that does help to eat away at your profit.

Have a good weekend everyone.


Be aware of utility bills when you rent/flip/sell… - Posted by Josephine(CA)

Posted by Josephine(CA) on September 20, 1999 at 13:54:36:

OK, I goofed but I hope none of you do.

I rented a SFR years ago and the tenants opened utility accounts in his name. He failed to pay them. I checked water bill and thought that was it. I sold the house. Nobody knew it. Not the escrow, title, buyer, seller, nobody.

Six month later now the surprise: utility company (trash service) has “organized collection contract” with the city and they can put special assessment on the property tax. Buyer jumped, and sellers/landlord pay.

Don’t make the mistake I made. Check ALL utility bills, not just water. It would save you several hundred dollars.